On July 1, BYD Company Limited released its production and sales report for June 2026. In June, BYD produced 403,246 new energy vehicles and sold 403,472, achieving monthly sales exceeding 400,000 vehicles. Among these, passenger vehicle sales reached 397,292 units, while commercial vehicle sales totaled 6,180 units. By power type, pure electric passenger vehicle sales reached 201,472 units, and plug-in hybrid passenger vehicle sales reached 195,820 units. In terms of exports, new energy vehicle exports totaled 175,300 units in June. On a cumulative basis, from January to June 2026, cumulative new energy vehicle sales reached 1,808,511 units, a year-on-year decrease of 15.72%; among these, cumulative passenger vehicle sales reached 1,777,375 units, and cumulative commercial vehicle sales reached 31,136 units.

hina's first national standard for automotive solid-state batteries, "Electric Vehicles—Solid-State Battery—Part 1: Terminology and Classification," was released for public comment on December 30, 2025. The standard clearly categorizes batteries into three types: liquid, hybrid liquid-solid, and solid-state, eliminating the term "semi-solid-state." It sets a mass loss rate of ≤0.5% as the core criterion for defining solid-state batteries. This move aims to unify industry standards, end conceptual confusion, and marks a step toward standardized industrial development.

Chinese lithium battery industry chain enterprises are continuously accelerating their pace of overseas expansion.

he MIIT launched the application for the ninth batch of lithium battery industry standardization and the supervision work of announced enterprises. The 2024 version of the new regulations sets clear indicators for three types of batteries. The new regulations specify that for energy storage batteries, the energy density of the battery cell should be ≥155Wh/kg (system ≥110Wh/kg) and the cycle life should be ≥6000 times (capacity ≥80%). For small power batteries, the battery cell should be ≥140Wh/kg (system ≥110Wh/kg) and the cycle life should be ≥1000 times (capacity ≥70%). Regarding large power batteries, they are divided into energy type (ternary battery cell ≥230Wh/kg, lithium iron phosphate ≥165Wh/kg) and power type (battery cell ≥1500W/kg), both of which require a cycle life of ≥1500 times (capacity ≥80%). The regulations cover enterprises involved in battery cells, battery packs, and the four key materials, promoting high-quality development of the industry.

Futures Market: On the previous trading day's night session, the most-traded SHFE aluminum 2509 contract opened at 20,400 yuan/mt, with a high of 20,545 yuan/mt, a low of 20,380 yuan/mt, and closed at 20,520 yuan/mt.

[Dongshu Cui: Adjustment of Luxury Vehicle Consumption Tax Scope Is Reasonable] Secretary General of the China Passenger Car Association Dongshu Cui stated in an article today that the adjustment of the consumption tax scope for ultra-luxury vehicles corresponds to significant changes in market promotion prices. This adjustment helps guide rational consumption and achieve green, sustainable development, making it a reasonable and normal measure. Ultra-luxury vehicles account for only about 0.1% of the total vehicle market, having no impact on general consumers. Cui noted that the average price of luxury vehicles, previously priced at 1.3 million yuan, has now dropped to 900,000 yuan, with a corresponding tax-inclusive price of 1.45 million yuan, aligning with the baseline set during the 2016 tax policy formulation. "Adjusting the threshold for ultra-luxury vehicles to 900,000 yuan is highly reasonable, reflecting the correlation between market changes and tax adjustments while ensuring relative stability in the tax base. In reality, this does not expand the tax scope." (Cailian Press) [Chongqing: NEV Power Battery Recycling Network Coverage Rate to Reach 90% by 2027] The Chongqing Municipal Commission of Economy and Information Technology issued the "Chongqing Work Plan for Cultivating the NEV Power Battery Recycling Industry (2025–2027)." The plan proposes that by 2027, the city will establish a sound industrial system for power battery recycling, continuously optimize the industrial ecosystem, and preliminarily build a leading power battery recycling industrial base in western China. The coverage rate of the NEV power battery recycling network across districts and counties will reach 90%. A number of recycling enterprises compliant with the "Industry Standards for Comprehensive Utilization of Retired NEV Power Batteries" will be cultivated, and more than two recycling industrial bases with clustered development will be established. The recovery rates of metals such as lithium, cobalt, nickel, and manganese will continue to improve, while breakthroughs will be made in technologies for refining component materials and extracting valuable metals from retired power batteries. Key common technologies, including intelligent and refined battery disassembly and wet-process full-component resource recovery, will be widely applied. (Cailian Press) [Sichuan: Continued Expansion in Production of PV, Lithium-Ion Battery and NEV, H1 NEV Output Exceeds Full-Year 2024] The Sichuan Provincial Government Information Office held a press conference today, where Zhigang Yang, Deputy Director and Spokesperson of the Sichuan Provincial Bureau of Statistics, introduced the economic performance of Sichuan in H1 2025. Yang stated that the province is accelerating the cultivation of new quality productive forces, driving the economy toward higher-quality, greener, and smarter development, with new momentum continuously growing. In H1, the added value of Sichuan's power battery, NEV, and vanadium-titanium industries increased by 36.5%, 11.0%, and 13.8%, respectively. The production of PV, lithium-ion battery and NEV continued to expand, with NEV, solar cell, and automotive lithium-ion power battery output growing by 2.4 times, 1.9 times, and 53.2%, respectively. In H1, Sichuan's NEV production reached 144,000 units, surpassing the full-year 2024 level and accounting for 27.6% of the province's total vehicle output, up 16.2 percentage points year-on-year. (Cailian Press) [Two Departments Adjust Luxury Vehicle Consumption Tax Threshold to 900,000 Yuan] The Ministry of Finance and the State Taxation Administration announced that, to further guide rational consumption and with the approval of the State Council, the following adjustments are made to the luxury vehicle consumption tax policy: 1. The scope of luxury vehicles subject to the tax under Article 1 of the "Notice on Imposing Consumption Tax on Luxury Vehicles" (Caishui [2016] No. 129) is revised to "passenger vehicles and light commercial vehicles with retail prices of 900,000 yuan (excluding VAT) or above, regardless of power type (including pure electric, fuel cell, etc.)." The scope of the luxury vehicle import consumption tax under the "Notice on Adjusting Import Consumption Tax for Vehicles" (Caiguanshui [2016] No. 63) is adjusted accordingly. Click for details: https://news.smm.cn/news/103433496 [GSP Automotive Group: Solid-State Battery Production Line Expected to Partially Commence by Year-End] GSP Automotive Group stated on an interactive platform that its solid-state battery production line for ESS is expected to partially commence production by the end of this year and reach full production by mid-2026. The solid-state battery for EVs is currently in the pilot line layout phase, with the joint venture preparing technical reserves and monitoring industry trends. (Cailian Press) [GM Signs MoU with Battery Recycler Redwood Materials to Accelerate ESS Deployment] General Motors signed a non-binding memorandum of understanding with battery recycler Redwood Materials to accelerate ESS deployment, which will utilize GM's new batteries manufactured in the US and used battery packs from its EVs. The two parties are expected to announce further details later this year. (STAR Market Daily) Related Reading: